Stephen A. Holditch Buys 25,000 Shares of Gastar Exploration Inc (GST) Stock

Gastar Exploration Inc (NYSEAMERICAN:GST) Director Stephen A. Holditch purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were purchased at an average cost of $0.76 per share, for a total transaction of $19,000.00. Following the completion of the transaction, the director now owns 307,388 shares in the company, valued at approximately $233,614.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of GST stock traded down $0.03 during mid-day trading on Friday, reaching $0.73. The company had a trading volume of 1,293,662 shares, compared to its average volume of 1,220,048. Gastar Exploration Inc has a fifty-two week low of $0.38 and a fifty-two week high of $1.66. The company has a market capitalization of $151.07, a PE ratio of -3.04 and a beta of 3.67.

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Gastar Exploration (NYSEAMERICAN:GST) last announced its earnings results on Thursday, March 15th. The energy company reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $15.48 million for the quarter, compared to the consensus estimate of $22.65 million.

A number of hedge funds have recently made changes to their positions in GST. Deutsche Bank AG boosted its position in shares of Gastar Exploration by 122.1% in the 4th quarter. Deutsche Bank AG now owns 402,823 shares of the energy company’s stock valued at $421,000 after purchasing an additional 221,437 shares during the period. BlackRock Inc. boosted its position in shares of Gastar Exploration by 1.6% in the 4th quarter. BlackRock Inc. now owns 12,045,670 shares of the energy company’s stock valued at $12,647,000 after purchasing an additional 187,454 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of Gastar Exploration by 24.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 921,358 shares of the energy company’s stock valued at $967,000 after purchasing an additional 180,272 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Gastar Exploration by 424.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 165,675 shares of the energy company’s stock valued at $174,000 after purchasing an additional 134,100 shares during the period. Finally, Squar Milner Financial Services LLC acquired a new position in shares of Gastar Exploration in the 4th quarter valued at $113,000.

Several equities research analysts have weighed in on the company. Seaport Global Securities raised Gastar Exploration from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research lowered Gastar Exploration from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Williams Capital set a $1.00 price target on Gastar Exploration and gave the stock a “hold” rating in a research note on Friday, March 16th. Imperial Capital increased their price target on Gastar Exploration from $1.00 to $1.50 and gave the stock an “in-line” rating in a research note on Friday, January 26th. Finally, UBS raised Gastar Exploration from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $1.79.

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Gastar Exploration Company Profile

Gastar Exploration Ltd (Gastar) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States. The Company’s principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on unconventional reserves, such as shale resource plays.

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